Swiss stocks - Factors to watch on July 7

Datacolor AG

07/07/2015 05:45

ZURICH, July 7 (Reuters) -    The following are some of the 
main factors expected to affect Swiss stocks on Tuesday: 
     
    CREDIT SUISSE  CSGN.VX   
    The bank has issued around 27 billion Swiss francs ($28.66 
billion) in securities to shore up its defences in the event of 
an economic downturn. In a submission to the U.S. Federal 
Reserve about how it would shut down its business in the United 
States during a crisis, Credit Suisse said it had a mixture of 
coco bonds -- securities that absorb losses in a potential 
crisis -- and loss-absorbing bonds known as TLAC.  CSGN.VX  
     
    UBS  UBSG.VX  
    The bank expects to meet anticipated requirements for total 
loss-absorbing bonds known TLAC early. "UBS currently has over 
44 billion Swiss francs ($46.69 billion) in TLAC, supporting a 
TLAC to risk weighted assets ratio of more than 20 percent," UBS 
said in its submission to the U.S. Federal Reserve.  UBSG.VX  
     
       
    COMPANY STATEMENTS  CPR-CH  
     
    * Global coordinators of drugmaker Cassiopea SpA's  SKIN.S   
public listing have fully exercised the over-allotment option.   
That means 5.16 million shares have been sold in the IPO, 
corresponding to 51.6 percent of the share capital or 175.6 
million Swiss francs. Cosmo's  COPN.S  stake is thus 45.4 
percent. 
     
    * Packaging group Airopack  AIRN.S  said main investor Jan 
Kelders had sold most of the family-controlled shares to his son 
Quint Kelders, the company's chief executive. A family 
shareholder accord assigned Quint Kelders sole control of the 
clan's stock. The family has sold a small stake to mainly 
institutional investors, but it said Quint Kelders had no 
intention to reduce the stake more. 
     
    * Datacolor  DCN.S  said it was taking over sales, service 
and distribution for its photography solutions in Germany, 
Austria and Switzerland from partner Globell.  
     
    ECONOMY  M-CH  
    June unemployment data due at 0545 GMT  
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))